August 8, 2022

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Telus Mobile Head Sees Roger-Shaw Merger Lessening Competition

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Jim Senko, head of Telus Corp’s mobile phone unit, said the sale of Shaw Communications Inc. to Rogers Communications Inc. could curb competition in key markets, including Western Canada.

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(Bloomberg) — Jim Senko, head of Telus Corp’s mobile phone unit, said the sale of Shaw Communications Inc. to Rogers Communications Inc. could curb competition in key markets, including Western Canada.

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Speaking in an interview Friday after Canada’s No. 3 telecom company reported its largest ever second-quarter increase in customers, Senko said the proposed sale of Shaw’s mobile assets to Quebecor Inc., a smaller regional player based out of Montreal, will probably mean a weaker competitive landscape.

Quebecor’s Videotron mobile unit “doesn’t truly understand the Western markets and would have to wholesale there any kind of wireline services at very thin margins, and will not be able to compete as well as Shaw who owns those assets,” Senko said by telephone.

Rogers has agreed to buy Shaw in a C$20 billion ($15.4 billion) deal that still requires regulatory approval. Including debt, the transaction is worth about C$26 billion.

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The merger is also facing a legal challenge from the country’s competition watchdog, which has cited worries about higher…

Bloomberg News

2022-08-06 09:22:34

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